Economic growth and rise in population have been the most important reasons for energy/power generation in the past few decades. Commercial and residential energy is expected to increase with significant growth numbers and this is being driven mainly by energy requirements in Asia-Pacific and North America. Due to the global recession in 2009 and 2010, the demand in Europe is currently lesser than that in other regions but the market is expected to pick up during the next few years. China, Japan, Korea and India are expected to be the most important regions driving the demand for power in Asia-Pacific. Similarly, the U.S. and Mexico are expected to be major markets in North America while Germany is expected to be the major market in Europe.
Most common forms of energy are hydro, nuclear, electricity, gas, bio-fuels, oil and coal. The markets for coal, gas and oil are the largest power market segments at present and are expected to hold sway during the forecast period. At the same time, the market share for renewable energy is expected to increase with tighter emission norms and environmental concerns over combustion of non-renewable energy. Bio-fuels, nuclear and hydro are some of the renewable sources that are expected to grow favorably in the coming years.
End-user industries for the power market are high revenue markets and large in number. In the present day, most industry sectors require power in one form or another. The most notable end-user industries with heavy investment and need for power include infrastructure, chemicals, oil & gas, metallurgy, heavy industries (machine components and fabrication), automotives etc. Of these, infrastructure, oil & gas and metallurgy are expected to be the largest end-user market segments.
Siemens, General Electric, ExxonMobil, Chevron, Tuoketuo Power Company, TEPCO and others are some of the key players in the power generation market.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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